First Community (NASDAQ:FCCO) Stock Price Passes Above 200 Day Moving Average – What’s Next?

First Community Corporation (NASDAQ:FCCO)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.15 and traded as high as $30.83. First Community shares last traded at $30.21, with a volume of 54,138 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FCCO. Weiss Ratings restated a “buy (b)” rating on shares of First Community in a research note on Thursday, January 22nd. Hovde Group increased their price objective on shares of First Community from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, First Community currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

First Community Trading Down 2.0%

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $232.31 million, a price-to-earnings ratio of 12.23 and a beta of 0.38. The firm’s 50-day moving average is $29.84 and its 200 day moving average is $28.15.

First Community (NASDAQ:FCCO) last released its quarterly earnings results on Wednesday, January 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. First Community had a net margin of 16.85% and a return on equity of 12.96%. The firm had revenue of $20.60 million during the quarter, compared to the consensus estimate of $20.25 million. On average, equities analysts predict that First Community Corporation will post 2.28 earnings per share for the current fiscal year.

First Community Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.64 annualized dividend and a yield of 2.1%. First Community’s payout ratio is presently 25.91%.

Hedge Funds Weigh In On First Community

Hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC boosted its holdings in First Community by 7.7% in the first quarter. Empowered Funds LLC now owns 10,080 shares of the bank’s stock valued at $227,000 after acquiring an additional 721 shares during the last quarter. Federated Hermes Inc. raised its holdings in First Community by 116.2% during the 3rd quarter. Federated Hermes Inc. now owns 1,405 shares of the bank’s stock worth $40,000 after purchasing an additional 755 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of First Community in the 3rd quarter worth approximately $26,000. Bank of America Corp DE boosted its stake in shares of First Community by 12.1% in the 3rd quarter. Bank of America Corp DE now owns 8,683 shares of the bank’s stock valued at $245,000 after purchasing an additional 937 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of First Community by 4.4% during the second quarter. Bridgeway Capital Management LLC now owns 23,716 shares of the bank’s stock worth $578,000 after buying an additional 999 shares during the period. 61.25% of the stock is currently owned by institutional investors.

First Community Company Profile

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.